Government discusses takeover of loan to Benzina by Ceska Konsolidacni agentura

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Investiční bankovnictví KB

      The government discusses takeover of CZK 1.14bn loans to Bernzina by Ceska Konsolidacni Agentura (CKA), a bailout agency. CKA has to exercise its option to take over the loan from lending banks Komercni banka and Ceska Sporitelna until Friday. However, according to spokesman of CKA it agreed with the banks on extension of the deadline if the government does not manage to approve the loan transfer. If CKA does not takeover the loan, the banks could seize the collateral, which is 140 Benzina’s filling stations.

       The outstanding loans of CZK 4.6bn of Unipetrol’s subsidiaries could reportedly trouble its privatization. As we expect the government to eliminate any risks related to Unipetrol’s privatization, we believe the government will agree with the transfer. The government’s decision will be in our opinion positive signal for Unipetrol’s shares.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.